Join us as a Regulatory & Government Affairs Director on a 12 month maternity contract to take your career to the next level with a global market leader.
How you will create an impact
You will work closely with AIG UK and AIG’s Lloyd’s Managing Agent, Talbot Underwriting Ltd (TUL), to provide regulatory and government affairs advice, respond to day to day regulatory requests and support the International Head of Regulatory & Government Affairs in managing UK regulatory and government affairs relationships.
Some of the key responsibilities include:
Work with the Head of International Regulatory & Government Affairs to manage ongoing interaction between AIG in the UK and the PRA & the FCA
Analyse, understand and explain UK regulatory rules, supervisory & policy statements, guidance etc., acting as an adviser to the business on regulatory rules and matters
Ensure all BAU regulatory interaction is managed to a high standard, with requests fulfilled promptly and accurately, with input from relevant stakeholders and subject matter experts
Work with colleagues to provide clarity and deliver on regulatory expectations as outlined in Periodic Summary Letters and other regulatory requirements
Prepare senior leaders for regulatory meetings, drafting accurate, well written and clear briefing notes, and highlighting key areas of focus and issues to be aware of
Support business lines/functions to ensure that AIG’s UK entities deliver high quality and co-ordinated regulatory interactions
Manage the administration of AIG UK’s entities Senior Manager Regime requirements (advice, approvals, documentation etc.)
Advise AIG’s UK businesses on UK regulatory issues (clarifying regulatory expectations, new initiatives, regulatory changes, regulatory trends etc.) which may impact AIG’s UK operations
Draft or Edit regulatory update materials for Board, Executive Committees, Senior Leaders etc.
Work with key stakeholders to deliver regulatory driven projects, as needed
Act as a spokesperson for AIG in the UK with the relevant regulatory supervision teams
Horizon scanning, identification & analysis of regulatory change, engaging with subject matter experts to determine applicability and action required
Support the International Head of Regulatory & Government Affairs on UK Government Affairs and International Regulatory and Government Affairs, as needed
What you’ll need to succeed
Extensive experience of regulatory & government affairs, include experience with PRA or FCA
Knowledge of and experience in the UK Senior Manager & Certification Regime (SMCR)
Knowledge of the PRA & FCA handbooks & ideally knowledge of Lloyd’s regulatory expectations
Understanding of general insurance business models and relevant terminology
Ability to read a P&L/balance sheet and interpret high level financial information
Prudential regulatory knowledge and experience, ideally including experience supporting regulatory engagement of Internal Models/Major Model Change applications
UK Conduct knowledge e.g. knowledge of Fair Value, Pricing Practices, Consumer Duty
Should possess the following attributes: gravitas and executive presence, ability to influence senior stakeholders, agile ‘learn it all’ mindset, business acumen, negotiation and organizational agility, presentation and problem-solving skills and sound judgment
#LI-AIG
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
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